II 

118TH CONGRESS 

2D SESSION S. 5096 

To require the Secretary of the Treasury to instruct the United States 

Executive Directors at the international financial institutions to advocate 

opposition to projects that make use of forced labor. 

IN THE SENATE OF THE UNITED STATES 

SEPTEMBER 18, 2024 

Mr. RUBIO (for himself and Mr. MERKLEY) introduced the following bill; 

which was read twice and referred to the Committee on Foreign Relations 

A BILL 

To require the Secretary of the Treasury to instruct the 

United States Executive Directors at the international 

financial institutions to advocate opposition to projects 

that make use of forced labor. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘No Funds for Forced 

5 Labor Act’’. 

6 SEC. 2. FINDINGS. 

7 Congress makes the following findings: 


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1 (1) The International Labour Organization has 

2 expressed ‘‘deep concern’’ about the ‘‘extensive use 

3 of forced labor in the Xinjiang Uyghur Autonomous 

4 Region’’. 

5 (2) In its 2022 annual report, the Congres6 sional-Executive Commission on China found, ‘‘Au7 thorities in the XUAR (Xinjiang Uyghur Autono8 mous Region) maintained a system of forced labor 

9 that involved former mass internment camp detain10 ees and other Turkic and Muslim individuals.’’. 

11 (3) In 2022, the Atlantic Council published a 

12 report detailing that the World Bank’s private lend13 ing body, the International Finance Corporation, de14 termined that several clients of the Corporation were 

15 active participants in the People’s Republic of China 

16 campaign against the Uyghur people and Uyghur 

17 culture in the Xinjiang Uyghur Autonomous Region. 

18 SEC. 3. SENSE OF CONGRESS. 

19 It is the sense of Congress that— 

20 (1) international financial institutions should 

21 not fund, finance, or provide loan guarantees to any 

22 entity that has been credibly accused of using forced 

23 labor; and 

24 (2) the United States should work with allies, 

25 partners, and all countries around the globe to elimiVerDate Sep 11 2014 00:23 Sep 26, 2024 Jkt 049200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S5096.IS S5096

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1 nate forced labor and ensure that international fi2 nancial institutions do not fund projects that use 

3 forced labor. 

4 SEC. 4. UNITED STATES OPPOSITION TO INTERNATIONAL 

5 FINANCIAL INSTITUTION LOANS FOR 

6 PROJECTS THAT WOULD USE, OR HAVE A SIG7 NIFICANT RISK OF USING, FORCED LABOR. 

8 (a) IN GENERAL.—Title VII of the International Fi9 nancial Institutions Act (22 U.S.C. 262d, 262c note, 262e, 

10 and 262d note) is amended by adding at the end the fol11 lowing: 

12 ‘‘SEC. 706. UNITED STATES OPPOSITION TO LOANS FOR 

13 PROJECTS THAT WOULD USE, OR HAVE A SIG14 NIFICANT RISK OF USING, FORCED LABOR. 

15 ‘‘(a) IN GENERAL.—The Secretary of the Treasury 

16 shall instruct the United States Executive Director at each 

17 international financial institution (as defined in section 

18 1701(c)(2)) to use the voice, vote, and influence of the 

19 United States, to the maximum extent practicable, to— 

20 ‘‘(1) oppose the provision of a loan to any 

21 project that will— 

22 ‘‘(A) pose a significant risk of using forced 

23 labor; or 

24 ‘‘(B) be carried out by a state-owned or 

25 heavily state-influenced entity in the Xinjiang 


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1 Uyghur Autonomous Region of the People’s Re2 public of China; and 

3 ‘‘(2) require the institution to provide, with re4 spect to each project supported by the institution, an 

5 explanation, specific to the project, of— 

6 ‘‘(A) how the institution has vetted the 

7 project for forced labor risks; and 

8 ‘‘(B) the actions taken to mitigate, track, 

9 and reverse that risk. 

10 ‘‘(b) DEFINITION OF FORCED LABOR.—In this sec11 tion, the term ‘forced labor’— 

12 ‘‘(1) has the meaning given the term in section 

13 307 of the Tariff Act of 1930 (19 U.S.C. 1307); and 

14 ‘‘(2) includes convict labor and indentured labor 

15 under penal sanctions.’’. 

16 (b) REPORT.— 

17 (1) IN GENERAL.—Not later than 1 year after 

18 the date of the enactment of this Act, and annually 

19 thereafter for the next 5 years, the Secretary of the 

20 Treasury shall submit to the committees specified in 

21 paragraph (2) a written report on the implementa22 tion of the amendment made by subsection (a), 

23 which shall include details about— 

24 (A) any project approved by an inter25 national financial institution (as defined in secVerDate Sep 11 2014 00:23 Sep 26, 2024 Jkt 049200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S5096.IS S5096

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1 tion 1701(c)(2) of the International Financial 

2 Institutions Act (22 U.S.C. 262r(c)(2)) in 

3 which forced labor could possibly be used; and 

4 (B) the efforts of the United States Execu5 tive Director at each such institution to con6 vince other countries to oppose any project in 

7 which forced labor could be used. 

8 (2) COMMITTEES SPECIFIED.—The committees 

9 specified in this paragraph are— 

10 (A) the Committee on Financial Services 

11 and the Committee on Foreign Affairs of the 

12 House of Representatives; and 

13 (B) the Committee on Foreign Relations 

14 and the Committee on Banking, Housing, and 

15 Urban Affairs of the Senate. 

16 (3) PUBLIC AVAILABILITY.—The Secretary of 

17 the Treasury shall make the report (or an unclassi18 fied version of the report) available to the public. 

Æ 


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